Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Weak Downtrend (-65) - MGAEUR is showing signs of a strengthening downtrend. Monitor MGAEUR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been UP since Mar 3rd, 2023 at 0.00021923
The intermediate-term trend has been DOWN since Mar 28th, 2023 at 0.00021837
The short-term trend has been DOWN since Mar 28th, 2023 at 0.00021837
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).